CSD-RT RFP Recordkeeping_Administration Services Response 3-

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Prepared for Springfield R-XII School District
31
plan, as well as investment performance and consistency of investment allocation with the
goals of the plan sponsor. Our comprehensive plan sponsor review includes the
components listed below.
 Service team
- Key contacts
- Changes in personnel
 Plan review
- Allocation details
- Contribution details
- Account value summary
- Participation by fund
 Administration review
- Distributions
- Voice response system activity
- Internet activity
 Investment review
- Fund performance
 Additional information
- Legislative update
- Market update
Please refer to Tab VI for the Sample Plan Reports Available Online and the Sample Plan
Annual Review.
2. Describe the standard participant level statements and reports, including any
customized or ad hoc reporting capabilities.
VALIC's comprehensive participant statement summarizes account activity, as well as past
and present account balances, and is mailed directly to the participant on a quarterly basis.
Detailed information includes:
 Portfolio and account level personal rate of return
 Pie chart illustrating asset allocation information
 Transactions occurring during the quarter, including contributions
 Investment activity including investment selections, beginning and ending balances,
contributions, withdrawals, loans, transfers, and net change in value
 Investment instructions (allocations)
 Meets all Pension Protection Act requirements
VALIC provides individual rates of return on the participant statement and the participant
website, . Following integration of a new account, the individual rates of return
are available the quarter in which the client makes his first contribution or roll-over/transfer.
The personal performance calculation takes into account the investment performance of the
funds the participant is invested in and considers the amount and timing of cash flows
(including contributions and withdrawals) in and out of the account. This effectively
estimates a time-weighted rate-of-return calculated on a periodic basis. VALIC calculates
personal performance on a quarterly basis and updates by the 15th business